Global Industry Analysts Predicts the World Sex Toys Market to Reach $54.6 Billion by 2026

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SAN FRANCISCO, Jan. 4, 2022 /PRNewswire/ — A brand new market research revealed by Global Industry Analysts Inc., (GIA) the premier market analysis firm, as we speak launched its report titled “Sex Toys – Global Market Trajectory & Analytics”. The report presents recent views on alternatives and challenges in a considerably remodeled submit COVID-19 market.

World Sex Toys Market

FACTS AT A GLANCE
Edition: 6; Released: December 2021
Executive Pool: 487
Companies: 63 – Players coated embrace California Exotic Novelties, LLC; FUN FACTORY USA, Inc.; Kanojo Toys; Meiki Toys.com; Tenga Co., Ltd.; TOMAX USA and Others.
Coverage: All main geographies and key segments
Segments: Type (Adult Vibrators, Dildos, Erection Rings, Other Types); Distribution Channel (Online Stores, Specialty Stores, Mass Merchandisers)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Sex Toys Market to Reach US$54.6 Billion by the Year 2026

Sex toys are often known as marital aids or grownup toys and are used to improve an individual’s sexual pleasure when making love or masturbating. Sex toys are even recognized to have medical advantages when the consumer has a medical situation or sexual dysfunction. Sexual Selfcare and wellness are being taken very significantly by customers and a surge has been noticed in the demand for lotions and lotions for female wellness and intercourse toys for each sexes. Several producers are specializing in well being, magnificence, and self-care and are launching new merchandise and units reminiscent of mini massager and air pulsing arouser, private lubricant, and toy cleansing wipes. Sexual wellness merchandise reminiscent of gels and toys which can be inexpensive are being launched in the market and the stigma round promoting sexual objects in typical shops is fading away. The change is anticipated to be due to the demographic shift, as the millennials have a distinct view of sexual wellness compared with the child boomers. Gradual fading away of the stigma related to masturbation, even amongst married {couples} is benefiting the marketplace for intercourse toys. Their adoption and use is rising particularly amongst single ladies wanting to masturbate solo with intercourse toys reminiscent of vibrators, clitoral stimulators/suction vibrators, inside vaginal toys, cock rings, blowjob sleeves, and anal toys, amongst others. The acceptance of the rising LGBTQ neighborhood is one other main issue driving demand for intercourse toys. Steadily rising reputation of male intercourse toys, improve in on-line gross sales, growth of technologically refined merchandise, and rising inhabitants are different elements driving progress in the market.

Amid the COVID-19 disaster, the world marketplace for Sex Toys estimated at US$35.1 Billion in the 12 months 2020, is projected to attain a revised dimension of US$54.6 Billion by 2026, rising at a CAGR of seven.6% over the evaluation interval. Adult Vibrators, considered one of the segments analyzed in the report, is projected to develop at a 8.2% CAGR to attain US$25.9 Billion by the finish of the evaluation interval. After a radical evaluation of the enterprise implications of the pandemic and its induced financial disaster, progress in the Dildos section is readjusted to a revised 7.1% CAGR for the subsequent 7-year interval. This section at present accounts for a 24.3% share of the world Sex Toys market.

The U.S. Market is Estimated at $12.6 Billion in 2021, While China is Forecast to Reach $8 Billion by 2026

The Sex Toys market in the U.S. is estimated at US$12.6 Billion in the 12 months 2021. The nation at present accounts for a 33% share in the world market. China, the world’s second largest economic system, is forecast to attain an estimated market dimension of US$8 Billion in the 12 months 2026 trailing a CAGR of 10.4% by way of the evaluation interval. Among the different noteworthy geographic markets are Japan and Canada, every forecast to develop at 6.1% and seven.3% respectively over the evaluation interval. Within Europe, Germany is forecast to develop at roughly 6.4% CAGR whereas Rest of European market (as outlined in the research) will attain US$4 Billion by the finish of the evaluation interval.

Erection Rings Segment to Reach $7.8 Billion by 2026

In the world Erection Rings section, USA, Canada, Japan, China and Europe will drive the 8.7% CAGR estimated for this section. These regional markets accounting for a mixed market dimension of US$4 Billion in the 12 months 2020 will attain a projected dimension of US$7.1 Billion by the shut of the evaluation interval. China will stay amongst the quickest rising on this cluster of regional markets. Led by international locations reminiscent of Australia, India, and South Korea, the market in Asia-Pacific is forecast to attain US$753.7 Million by the 12 months 2026. More

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